August 20th, 2020 1:47 PM by William Andrews NMLS # 182790
What's My Credit Score? When do I find out?
If you are wanting to buy a home, you need to check your credit score now. If you are not sure what it is the site below is presented by FICO which invented the credit score. This will give you a starting point. If you have questions or want to improve your score let us know. There are many factors that go into the calculation and some things affect it in ways that might might surprise you. If you do not use a revolving credit card for 6 months it is not included in calculating scores. Three credit cards is better than two but 4 is not better than three. Having no revolving credit cards is better than a couple that are maxed out. All credit inquiries in the last 30 days do not count against you on your score.
So educate yourself, maximize your credit score before getting a home mortgage- it can save you a lot of money.